Q2 Holdings, Inc. (NYSE:QTWO) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Q2 Holdings, Inc. (NYSE:QTWO - Get Free Report) have earned an average rating of "Moderate Buy" from the sixteen research firms that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $102.33.

A number of brokerages have commented on QTWO. Stephens reaffirmed an "overweight" rating and set a $115.00 price target on shares of Q2 in a research report on Thursday, February 13th. Baird R W lowered Q2 from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 10th. The Goldman Sachs Group cut their price target on shares of Q2 from $119.00 to $106.00 and set a "buy" rating on the stock in a report on Friday, March 28th. Citigroup lifted their price objective on shares of Q2 from $96.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Stifel Nicolaus increased their price objective on shares of Q2 from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th.

Q2 Stock Down 5.2 %

Shares of QTWO traded down $3.96 during mid-day trading on Friday, hitting $72.67. 752,626 shares of the company traded hands, compared to its average volume of 649,922. The business has a 50 day moving average of $82.35 and a 200 day moving average of $90.43. The company has a market capitalization of $4.41 billion, a PE ratio of -111.80 and a beta of 1.61. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.58. Q2 has a 1-year low of $49.56 and a 1-year high of $112.82.

Q2 (NYSE:QTWO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.30). Q2 had a negative net margin of 5.53% and a positive return on equity of 0.85%. Equities research analysts anticipate that Q2 will post 0.67 EPS for the current year.

Insiders Place Their Bets

In other Q2 news, Director James Offerdahl sold 1,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $87.96, for a total transaction of $87,960.00. Following the completion of the transaction, the director now directly owns 17,241 shares in the company, valued at approximately $1,516,518.36. This represents a 5.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew P. Flake sold 36,023 shares of Q2 stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $80.35, for a total transaction of $2,894,448.05. Following the completion of the sale, the chief executive officer now owns 485,666 shares in the company, valued at approximately $39,023,263.10. This trade represents a 6.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 193,858 shares of company stock worth $14,853,965. 3.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Q2

A number of hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in shares of Q2 by 0.3% during the third quarter. State Street Corp now owns 1,668,767 shares of the technology company's stock worth $133,118,000 after purchasing an additional 5,000 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Q2 by 32.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 30,720 shares of the technology company's stock worth $2,451,000 after purchasing an additional 7,475 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Q2 by 61.8% during the fourth quarter. Nordea Investment Management AB now owns 111,110 shares of the technology company's stock worth $11,208,000 after buying an additional 42,433 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Q2 in the fourth quarter valued at about $288,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Q2 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 507,065 shares of the technology company's stock worth $51,036,000 after buying an additional 10,636 shares in the last quarter.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.